The project will convert natural gas into up to three million metric tonnes of methanol per year, feeding end uses such as fuels, electronics, construction materials, solvents and petrochemicals.
The proposed project is located on existing disturbed land about 10 kilometres south of Grande Prairie. Nauticol expects to start building it in stages, using modules fabricated by PCL elsewhere in the province.
“Nauticol is committed to building value-add industry in the Grande Prairie region. This leading-edge facility will create 75,000 people years of employment and adds value to Alberta’s abundant natural gas supply,” CEO Mark Tonner said.
“This is a made-in-Alberta/made-for-Albertans project that will add tremendous economic, environmental and societal benefits both here and around the world.”